Gestation Collateral. The Company may, from time to time, deliver a request to the Collateral Agent (or an Affiliate of the Collateral Agent) acting in its capacity as pool custodian, for the initial certification of Pledged Mortgages for purposes of creating a pool of Mortgage Loans to support the issuance of a FHLMC, FNMA or GNMA Security. Such request shall be in writing in the form of Exhibit 3.A to this Security Agreement, and such Pledged Mortgages shall constitute Gestation Mortgage Loans on the Business Day immediately following the Business Day on which such Pledged Mortgages are certified by the Collateral Agent (or an Affiliate of the Collateral Agent) in accordance with the standards of the applicable Federal Agency.
Appears in 4 contracts
Samples: Security Agreement, Security and Collateral Agency Agreement (Pulte Homes Inc/Mi/), Security Agreement (Pulte Homes Inc/Mi/)
